All that and so much more on making money. Charles it is another late summer session for the stock market. To the untrained eye looks a little indifferent, right . Perhaps an owed to the final lazy idyllic days of summer, you know what . By the way, before we have hectic fall but there is something going on. There are a lot of narratives. In fact history is being written and rewritten every day in these markets. The resolve in the face of the coronavirus. Uncertainty, resistance really for the Global Economy still partially locked down. It is amazing because the older stocks dale hi improving fundamentals but new crop of hot stocks, new hot stocks, in plain sight too good to be true which brings me to the stock of the day. Zoom, i think you heard of it, right . What could arguably be argued one of the best quarters in the history of business. The videoconferencing call Company Posted results that just annihilated wall street estimates. Revenue up 355 . Operating margin 42 from 14. Free
Alltime high. As you can see, it closed in the red. The dow squandering a 360 gain to close down more than 100 points tesla announcing a five for one stock split. Leading todays tech losses amd, apple, microsoft, amazon all falling more than 2 guy, what is your take on this big turnaround i would have thought Something Like this would have happened weeks ago i think the reversal is interesting. Well see if it holds up tomorrow to your earlier point, i mean you saw a pretty significant reversal right around an alltime high in the s p 500 if theres one thing i would attribute it to, dont discount the fact i think its actually pretty important, the news out of the big ten cancelling their football season. Thats pretty remarkable if you think about how meaningful it is to those schools and the local economies. I think that was part of it today and i think the other part of it is the stocks have been on such a ridiculous run, it was just a matter of time before we saw a move of this magnitu
House minority leader Kevin Mccarthy joins a discussion on Broadband Access and digital leadership. Is talking with reporters who are likely to ask him about the congressional response to hurricane laura, protests across the country, and the pandemic. They will talk with republican pollster frank lets. Live coverage. Second of two events we are doing with microsoft on the future of employability during the Republican National convention. We thank microsoft for making these conversations possible. We thank you for taking a break during this busy time to join us on axios. Com, joining us on axios twitter with axiosevents on facebook and youtube. Franklinsuest, dr. Is someone whose advice is craved by corporations, candidates, and officeholders on every continent, in seminars and is extremely popular. He is wellknown for his International Bestseller words that work. Thank you for joining axios. Frank it is an honor, a pleasure, and what we are going to talk about really does matter. Mike
The unrest after the countrys disputed president ial election protests have entered a new phase in with demonstrates is giving hugs and kisses to troops he lowered. A good afternoon 3 oclock here in moscow you without the International Scandal over 19 testing as the german states of the area some 900 travelers returning to the region tested positive but they were left to bolivias to that fact because the government failed to deliver the results or your correspondent paid for all of those more on the story. Theres been a huge blunder in the states if the very you know we say 44000 corona test a backlog 900 of those still waiting for their results known to have tested positive. The man in charge of germanys largest state says hes sorry for the delay is due to example dot secure relight entire State Government is sorry that these mistakes happened both the minister and also me personally that many people are now unsure as to what happened to their test results the reason it given is the s
Airbnb confidentially filed for , the nasdaq still outperforming. The gloves now have come off in the u. S. President ial election with the Democrat National convention targeting trumps policies and rhetoric. Kamala harris reinforced this last night. We can do better and deserve so much more. We must elect a president who will bring something different, something better, and do the important work. A president who will bring all of us together. Black, white, latino, asian, indigenous, to achieve the future we collectively want. Alix for more on how this battle for the presidency could impact the economy market and by. Reet, im joined to start on politics plus economy, jobless claims with higher delinquencies with housing on the rise, how do you pair that with what we might see in november . Regardless of who is in the white house and how Congress Ends up, there has got to be more fiscal spending. We do have what i would call a fiscal cliff, which is that so far the economy is more resil